How a "genuine confidence that you belong" leads to wealth advantage for white families in the U.S.
John Rice, the CEO of nonprofit Management Leadership for Tomorrow, and a former member of Obama's Advisory Commission on Educational Excellence for African Americans, has a must-read opinion piece that defines the emotional underpinnings of the depressing wealth gap that exists between black and white families in this country. White people inherit something more valuable than money, he says. "They grow up never questioning whether they belong in the educational institutions, careers, and networks that are the breeding grounds for comfortable lives and wealth creation." What still needs to be discussed, however, is the violent backlash that occurs when some members of white society lose that bedrock confidence.